{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-293491","form_type":"8-K","ticker":"FTV","cik":"0001659166","company_name":"Fortive Corp","filed_at":"2023-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.970476+00:00","generated_at":"2026-06-07T14:15:40.296747+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Fortive enters $1.3B delayed-draw term loan facility due Dec 2024","bullets":["$1.3B unsecured delayed-draw term loan; no borrowings on closing Dec 7, 2023.","Draws allowed in up to three advances on or before Mar 31, 2024; repayment due Dec 12, 2024.","Proceeds to refinance existing $1.3B term loan due Dec 14, 2023, fund acquisitions, working capital.","Interest: Term SOFR +75-125bps or Base Rate +0-25bps; ticking fee of 6.5-15bps on undrawn commitments after Feb 5, 2024.","Covenant: max consolidated net leverage ratio of 3.50:1 (4.00:1 for four quarters after acquisitions >$250M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-293491","json":"https://secwatch.observer/filing/0001193125-23-293491.json","markdown":"https://secwatch.observer/filing/0001193125-23-293491.md","text":"https://secwatch.observer/filing/0001193125-23-293491.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1659166/000119312523293491/0001193125-23-293491-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1659166/000119312523293491/d636269d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:15:40.296747+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aacb3afe2eb01afadaf87741fd8732ba38b45822","claim":"Fortive Corp incurred term loan of aggregate principal amount of $1.3 billion with Sumitomo Mitsui Banking Corporation at Term SOFR plus a margin of between 75 and 125 basis points maturing no later than December 12, 2024.","evidence_excerpt":"entered into a term loan credit agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and a syndicate of lenders from time to time party thereto, which provides for a delayed-draw term loan facility in an aggregate principal amount of $1.3 billion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1659166/000119312523293491/0001193125-23-293491-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"aggregate principal amount of $1.3 billion"},{"label":"Counterparty","value":"Sumitomo Mitsui Banking Corporation"},{"label":"Rate","value":"Term SOFR plus a margin of between 75 and 125 basis points"},{"label":"Maturity","value":"no later than December 12, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"46ae126b587dc7a4faf65623e01c76176f186069","claim":"Fortive Corp entered into Term Loan Credit Agreement with Sumitomo Mitsui Banking Corporation valued at delayed-draw term loan facility in aggregate principal amount of $1.3 billion (effective 2023-12-07).","evidence_excerpt":"On December 7, 2023 (the “ Closing Date ”), Fortive Corporation, a Delaware corporation (the “ Company ”), entered into a term loan credit agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and a syndicate of lenders from time to time party thereto, which provides for a delayed-draw term loan facility in an aggregate principal amount of $1.3 billion (the “ Term Loan Credit Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1659166/000119312523293491/0001193125-23-293491-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Sumitomo Mitsui Banking Corporation"},{"label":"Value","value":"delayed-draw term loan facility in aggregate principal amount of $1.3 billion"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}